He abandoned it probably after realizing how much damage he's done with his "live crash" video. This thing got reblogged all over the net with titles like "Watch the death of Bitcoin" etc.

And what is the point of making a video where you slowly read parts of some articles - something you could've done in a two-paragraph blog post? And then in the video you show a freakin video of you READING WIKIPEDIA?? Are you kidding me??And then you have real blogs (http://www.bitcoinnews.com/post/24023272127/brotherjohn-capital-controls) making posts about this crap?Is that what the Blogosphere has come down to - everybody wasting everyone's time with 20 minute videos??!!

Is that what the Blogosphere has come down to - everybody wasting everyone's time with 20 minute videos??!!

God, I hate video blogging

There are different use cases. Some people like consuming information through video or audio media. That's why most people watch four hours of TV per day.

One of the reasons mobile is so widely used is that you can take it with you. So if you are on your commute, for instance, you might play a video (such as the one referenced in this post) instead of trying to read an article on a tiny little screen.

So there are good reasons other than "efficiency" for there beng an audience for video blogging.